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G7 to release 100 million barrels of oil reserves through IEA

• The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
• Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers

G7 agrees to release 100 million barrels of oil and diesel from emergency reserves

• G7 countries agreed to release 100 million barrels of diesel and crude oil
• The release will come from emergency reserves
• More oil supply could ease fuel costs for Indian refiners and oil marketing companies

India extends RoDTEP export support till Dec 2026; raises insurance cover to 95% amid West Asia disruption

• RoDTEP export support extended until December 31, 2026
• Insurance risk coverage raised to 95% for eligible shipments amid West Asia disruption
• Export support and higher shipment cover benefit Indian exporters and insurers

SBI economists expect RBI to raise repo rate 25 bps to 5.50%

• The MPC meets October 5-7 to decide on interest rates
• Economists cite rising inflation and global concerns behind the expected hike
• A rate hike would lift borrowing costs for Indian banks, autos and other rate-sensitive sectors

PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms

• Government is considering extending PMEGP until 2030-31
• The proposed extension has an estimated Rs 15,000 crore outlay
• A larger PMEGP could support Indian micro-enterprises and employment

GST relief for gaming companies raises hopes across the sector

• Tax authorities took a softer approach in the first four final GST orders after the Supreme Court ruling
• Gaming companies may benefit from lower GST-related uncertainty

West Bengal finance minister calls for scrapping Urban Land Ceiling Act

• Swapan Dasgupta urged organised real-estate players to invest in West Bengal
• He cited land laws and tenancy issues as impediments to the state’s development
• Land-law changes could open development opportunities for Indian real-estate companies active in West Bengal

Bets on an October Fed rate hike fall as US job market cools

• The US added 29,000 jobs last month, below economists’ forecast of 90,000
• The unemployment rate rose to 4.2%

PFRDA appoints Bank of Baroda as pension fund sponsor; bank becomes second PSU lender in business

• PFRDA appointed Bank of Baroda as a pension fund sponsor
• The appointment marks the bank’s entry into the pension fund business
• Pension-fund entry expands Bank of Baroda’s business scope

RBI Rate Hike Ahead? SBI Research Flags Inflation, Rupee Risks For October MPC

• SBI Research expects the RBI to begin raising rates in October
• It cites inflation, rupee weakness, global risks and tighter liquidity
• Higher-rate expectations may weigh on Indian borrowers and rate-sensitive stocks

Centre fortifies India’s AI mission with Sovereign Compute Pool amid rising GPU costs

Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaul

• Proposed customs overhaul may require bonded warehouses to report shortages or discrepancies electronically within 24 hours
• Warehouses may also need to keep digital records for five years
• Tighter compliance could raise costs for Indian warehousing and logistics operators